|Day's range||7.30 - 7.85|
Costco Wholesale (NASDAQ: COST) and Walmart (NYSE: WMT) have long been rivals. Walmart is mostly a conventional retailer, while Costco operates as a membership club, selling bulk products for bargain prices in exchange for a membership fee. For investors, Costco and Walmart also have similar strengths.
Five Below (NASDAQ: FIVE) has been of the few winners in the retailing industry through the latest market downturn. Walmart and Target stocks have declined in that time. Instead of flat comparable-store sales trends, as management had initially forecast back in late October, comps rose 2%.
BENTONVILLE, Ark., March 21, 2023--Sam's Club®, a division of Walmart Inc. and a leading membership warehouse club, is announcing that advertisers can now attribute in-club purchases to their search ads. This innovation means Sam’s Club is among the first and possibly the only retail media platform to connect search and sponsored product ads to offline sales.